Kia fast-tracks manufacturing EVs in the US to get EV tax credit

Kia will start producing electric vehicles in the United States starting in 2024 in order to qualify for new EV tax credits in the Inflation Reduction Act. The climate provisions of the bill included a huge change to the EV tax credit, both expanding its application to make it available for 10 more years and simpler to claim for consumers (it will be available at point-of-sale starting in 2024). Changes also include some new provisions that make foreign-built electric vehicles ineligible for the credits. 

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